It had a great quarter and they usually low ball their guidance. I have friends that own a LULU store and they can keep stock in the store. They are forever running out of stock. It is a scary market that is for sure.
Certainly is an unpredictable market. I did buy higher so am a bag holder along with the other millions that own this stock. Before the open nearly everyone that owned this stock was losing. Mattered not whether one bought at 98 or 34. Obviously I think that the stock comes back. Does not mean that it will not going lower. Look at 2000 and 2008 for how much stocks dropped. Looking at that scenario I should not have bought even though it was only in the 40's. I am mainly in cash and as someone shared when these stocks are falling like they are it is best to stay out as they can fall much lower than their value the same as they went up much more than their value. GLTA
No comparison to the business that PANW is winning compared to FEYE. PANW is a wall street darling that they are long. They will take it up more than it is worth then sell and short while they will tell retail to buy the dips. That may not come for another year.
Very reminiscent of 2000 and 2008. Cash is best at times like this unless you short.
Shorts can cover at will with little concern of price going up. Stock is down approximately 10% now. The lessons of bear markets. The shorts (brokers) will continue to tell you this is the time to buy while they will continue to take different stocks down very quickly and as you are seeing very far.
Well the price was 34.66 then. Now it is 34.10. Difficult to know when is the time. Folks thought it was at 75, 65, 50, 45 and now 35. Good luck. It certainly was better than the others.
There is that and the fact that knowing why the collapse does not encourage buying which makes it very easy for shorts to be in control. This is why bear markets fall so hard as there is no fear of longs because wall street is now short. So who is buying? Shorts that are covering but not real buyers that have to sell. Wall street is brutal in times like these.
All I know for sure is that I am not selling now. I need some fundamentals for this collapse.
This is not Lumber Liquidators.
Relentless selling that I am attempting to find a logical reason for. Maybe just that that big money folks are picking on it to short and make money. I can not find a fundamental reason for this disaster.
From 98 to 35 in 11 months while beating each quarter means that a lot of folks are losing a lot of money. Shorts making a bundle. For the average bloke it seems impossible. Different folks buying all the way down thinking that they had a bargain. Not a good thing to have to tell the misses. Try to stay calm as the sun will come up tomorrow. Do not do anything that will bring pain to your family. It is not worth it. Wall street isn't going to care if you jump out of a window but your family will.
Does tell one something regarding wall street when a turd like TWTR is green and a company like GPRO beating earnings for 4 quarters in a row is getting flushed with continued new 52 week lows. It has one wondering what those wall street plumbers have their license for. Fraud!